US BROKER MOVES: GM upgraded at Wolfe; MDLZ downgraded at Rothschild & Redburn

UPGRADES

• ARM Holdings (ARM) ADRs Upgraded to Outperform at Raymond James; PT USD 166
• BP (BP) ADRs Upgraded to Overweight at Morgan Stanley; PT USD 49.40
• CVR Energy (CVI) Upgraded to Market Perform at Raymond James
• Enterprise Products (EPD) Upgraded to Overweight at Wells Fargo; PT USD 42
• Four Corners Property (FCPT) Upgraded to Market Outperform at Citizens
• General Motors (GM) Upgraded to Outperform at Wolfe; PT USD 96
• Kinetik (KNTK) Upgraded to Overweight at Wells Fargo; PT USD 52
• Kosmos Energy (KOS) Upgraded to Buy at Johnson Rice; PT USD 4.25
• Murphy Oil (MUR) Upgraded to Accumulate at Johnson Rice; PT USD 63
• Oneok (OKE) Upgraded to Overweight at Wells Fargo; PT USD 100
• Rezolute (RZLT) Upgraded to Outperform at Wedbush; PT USD 5

DOWNGRADES

• Alexandria Real Estate (ARE) Downgraded to Market Perform at BMO; PT USD 52
• Crescent Energy Co (CRGY) Downgraded to Accumulate at Johnson Rice; PT USD 19
• Mondelez (MDLZ) Downgraded to Neutral at Rothschild & Co Redburn; PT USD 55
• W R Berkley Corp (WRB) Downgraded to Neutral at Janney Montgomery; PT USD 73

INITIATIONS

• Aptiv (APTV) Initiated at New Buy at President Capital Management; PT USD 82.50
• AT&T (T) Initiated at New Buy at William O'Neil
• Byrna Technologies (BYRN) Initiated at New Buy at Texas Capital; PT USD 20
• Esco Tech (ESE) Initiated at New Buy at Deutsche Bank; PT USD 350
• Figma (FIG) Reinstated Market Perform at Oppenheimer
• Immix Biopharma (IMMX) Initiated at New Overweight at Morgan Stanley; PT USD 20
• Mercantile Bank (MBWM) Initiated at New Equal-Weight at Stephens; PT USD 54
• Payoneer Global (PAYO) Initiated at New Buy at BofA; PT USD 6
• Rocket Cos. (RKT) Initiated at New Market Perform at Citizens
• Strata Critical Medical (SRTA) Initiated at New Buy at B Riley; PT USD 8
• Vertiv Holdings (VRT) Initiated at New Buy at HSBC; PT USD 325
• WaterBridge Infrastructure (WBI) Initiated at New Buy at William O'Neil